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Questions and Answers
What is a key advantage of a cooperative organization?
What is a key advantage of a cooperative organization?
- High government interference
- Limited liability
- Easy to form (correct)
- Lack of motivation
What is a characteristic feature of a Government company?
What is a characteristic feature of a Government company?
- No accountability to the Parliament/State Legislature
- Separate Legal Entity not established
- Majority capital provided by private concerns/individuals (correct)
- Executive Decision of Government not required
What is a disadvantage of a cooperative organization?
What is a disadvantage of a cooperative organization?
- Surplus shared by the members
- Cash trading (correct)
- Lack of secrecy
- Easy to form
What defines a Government company?
What defines a Government company?
What is a characteristic of sole proprietorship?
What is a characteristic of sole proprietorship?
What is a disadvantage of sole proprietorship?
What is a disadvantage of sole proprietorship?
What is a characteristic of a partnership?
What is a characteristic of a partnership?
What is a disadvantage of a partnership?
What is a disadvantage of a partnership?
What is the main difference between public limited companies and private limited companies?
What is the main difference between public limited companies and private limited companies?
What advantage is unique to public limited companies compared to private limited companies?
What advantage is unique to public limited companies compared to private limited companies?
Which disadvantage is specific to private limited companies as mentioned in the text?
Which disadvantage is specific to private limited companies as mentioned in the text?
What is a common disadvantage shared by both public and private limited companies as mentioned in the text?
What is a common disadvantage shared by both public and private limited companies as mentioned in the text?
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